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protests because of their new leader and what he's done. president mohamed morsi, seen here with secretary of state hillary clinton, helping to broker that truce, but right after, a push from morsi for more power. many of the people of egypt said not so fast, and the protests are growing now. abc's matt gutman in the region again tonight for us. >> reporter: with massive protests, a cloud of tier gas, egypt is again in turmoil tonight. the violence, a reaction to egypt's first democratically elected leader, mohamed morsi, declaring all his presidential decisions are exempt from appeal or review by law makers or the courts. protesters torching a muslim brother office in alexandria and mohamed elle bar are detweeting, he appointed himself egypt's new f farrow. >> just months ago, morsi was obscure before being elected in may, shooting to international prominence this week by brokers the hamas/israel cease-fire. solidifying himself as a key u.s. al li. >> i want to thank president morsi for his personal leadership to deescalate the situation in gaza and end the violence. >> it put the united
president mohammed morsi is meeting with the country's top judges to explain the extraordinary powers that he granted himself on thursday. among the decrees, judges cannot overturn any decision he makes or a law he imposes until a new constitution is finalized. mr. morsi extended the time to write the new constitution and he dismissed the country's attorney general. reza sayah is overlooking everything in tahrir square. most of us were thinking that mohammed morsi really very much the peacemaker, key to the cease-fire between israel and hamas. doesn't even settle with the truce and then morsi announces this decree essentially a huge power grab. what is the significance? >> reporter: well, suzanne, the significance is until a parliament is formed here in egypt, until a constitution is drafted, he is the most powerful man in egypt, and, technically, he can do whatever he wants without any apparent oversight. that's why he is being called egypt's new dictator. that's why you have thousands of protests taking place behind us in tahrir square. the protesters represent the opposing factions
egyptian president mohamed morsi as a dictator and accusing him of a power grab. cnn's reza sayah is in cairo. reza, what's it look like now? >> reporter: joe, it is 11:00 p.m. cairo time. these demonstrators started gathering around in tahrir square about 1:00 p.m. local time. that means they've been going strong for about ten hours. many thought maybe egyptians were worn out, tired of demonstrating after the 2011 revolution, but if you look at tahrir square today, if you look at cairo today, it doesn't seem like it. the demonstrations are continuing. so are clashes. about an hour and a half ago clashes taking place right where we are behind us at the hotel we're staying at. security forces clashing with protesters. a number of protesters ambushed a police vehicle carrying riot police. the police took off. the protesters got ahold of this truck, set it on fire. more security forces came in, shot tear gas and disbursed the protesters. we've seen similar clashes throughout the day. all the demonstrators angry after president morsi declared some controversial decrees that temporaril
. in egypt, president mohammed morsi is expected to approve a new constitution passed by the assembly as early as saturday. that may mean an end to the protests against morsi's decree giving himself new powers. >>> former president george h.w. bush is expected to leave a houston hospital by the weekend. the 88-year-old was treated for bronchitis and a lingering cough. >>> private bradley manning spoke at a hearing on charges he faces for leaking secrets to wikileaks. he told a military judge he was kept in solitary confinement and only allowed 20 minutes outdoors per day. >>> supreme court justice is meeting behind closed doors regarding same-sex marriage. they're expected to take up at least one of them, most likely a challenge to the defense of marriage act which defines a marriage as a union between one man and with mon. >>> joe biden went shopping and tasted food and bought children's books, a big screen tv and an apple pie. >>> >>> a the new list of the most popular baby names for 2012 is just out. top names for boys, aiden, jackson, ethan, liam, and mason. and top names for girl
guaranteeing since they president mohamed morsi was granted powers. this is the same area for former president hosni mubarak nearly two years ago. >>> today a former palestinians leader's casket was opened in an effort to determine whether or not he was poisoned. they were paying respects after arafat's remain were given to french swiss and russian experts for testing. earlier this year, they sparked a new information into his death. he died in france after a sudden illness. >>> eucalyptus oil forced several people to evacuate a gym after several people complainted of a a -- complained of having a problem breathing. >> one client came up and said there is something strong in the bathroom. she said, she said she was commently used in saunas and steam goers. >>> a search for the san jose police, they were asked what qualities they want to see. but they are experiencing higher moral. and he will retire in january after almost taking the job. >> we want to end up with the chief with the best track record and leadership and maturity to lead this city into the future. >> sources have confirmed that
's for this man, president mohammed morsi whom america relies on to be a regional peace broker. it has led to days of bloody clashes. the crowed is chanting erhal, or leave. these are many of the same chants we heard two years ago during the revolution, except that they've substituted mubarak for morsi. egyptians toppled president hosni mubarak, the dictator who ruled for three decades. they then held an historic election and voted in a new president. >> he's like a pharaoh. >> reporter: morsi's office says it is temporary to put egypt on the right track. tonight the wise voices say it's far from fear that will win the showdown, but there are certainly more bloody days ahead on egypt's bumpy road to democracy. alex marquardt, abc news, cairo. >>> and back here at home we want to tell you about another food alert out tonight and this one is about pork. a big consumer report study found a high rate of contamination in pork chops and ground pork from a kind of bacteria that can send you to the emergency room. abc's dr. richard besser brings us the whole picture. >> reporter: you don't know its name,
by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have been made. but several options are being looked at, including providing arms to anti-government fighters. a decision on whether to deploy surface-to-air missiles in neighboring areas is likely next week. >>> and a major milestone is expected at the u.n. today, when the general assembly votes to give statehood to the palestinians. this comes despite strong opposition for u.s. officials over fears that such a move could harm peace negotiations with israel. palestinian leaders view the vote as a step towards global recogn
by the white house for a potential security post. >>> overseas, egyptian president mohamed morsi is expected to call for unity while addressing his nation today. tension still very high after he issued an edict that will give him sweeping power above the reach of judicial review until a new constitution is adopted. they're rushing to finish a new draft of the constitution that could see a vote as early as today. but with protesters continuing to clash with riot police, a rushed constitution by the islamist dominated assembly may make matters worse. >>> well now to business. according to the latest report from the federal reserve, the u.s. economy grew at a "measured pa pace" over the past two months with rises in hiring and consumer spending. let's go live to london. steve, what's the latest? >>> yeah, there is a lot of interesting stories in the mix at the moment. the big story is still and will remain the fiscal cliff. every time a policymaker on capitol hill or in the white house makes a speech about this or a station to the media, the markets move very aggressively. yes, there is a case
are crying foul. it is sparking another day of protests against president mohamed morsi. morsi's supporters plan to stage a massive demonstration tomorrow. holly williams is in cairo and has been watching this whole crisis unfold. >> reporter: a week after president mohamed morsi gave himself broad new powers that some egyptians say make him a dictator in all but name his islamist allies have rushed to finish a final draft of the country's constitution. it could now be put to a referendum before the end of the year. protests and violent clashes in cities across egypt, president morsi defended his power grab last night on egyptian state tv. he said his new authority is needed to guide egypt through its democratic transition and that he will give up his expanded powers once the country has a new constitution. a final draft of the constitution is now complete, written and voted on by a panel dominated by president's morsi's political allies, neither all of them islamists. the constitution gives islamic sharia law a more specific role in government and doesn't guarantee women's equality. it als
aimed at president mohamed morsi. his opponents demand he drop at a decree that he had put out last week that suspends any legal decisions he makes until a new constitution is written. police are fire tear gas at protestors. >>> susan rice will hold meetings with key lawmakers. some republicans have criticized theambassador to the u.n. for comments she made about the attack on benghazi. she said the attack stemmed from a protest against a video. >> i will be glad to meet with her and listen to the to her positions and justification for her comments. but i'm unhappy with her performance. >> rice is a potential nominee to replace outgoing secretary of state hillary clinton. >>> more republicans say the looming "fiscal cliff" is forcing them to reconsider their no tax increase pledges. several members of congress now say they are open to raising revenue by limiting deductions for the wealthy. but not by raising their taxes. >> without compromising our principals, we recognize that none of us runs this town. >> today democratic senator dick durbin plans to lay out a proposal for a bipartisan
passage of a new constitution. all across egypt this evening, people watched as president mohamed morsi spoke to state television interviewers addressed the nation. he defended his decision to grant himself powers free from judicial review. >> ( translated ): my responsibility is to protect this nation from any conspiracy or from any attempt to go backwards. as the country's president my responsibility, is to achieve justice and respect the laws and to lay down many rules in the absence of parliament until they convene and are able to vote on behalf of the people. >> brown: the islamist president also criticized the outpouring of protests against his actions. on tuesday, at least 200,000 people filled cairo's tahrir square, accusing morsi and his muslim brotherhood of hijacking last year's revolution. liberal and secular groups also condemned a move to fast-track a final vote on a new constitution. >> ( translated ): we want a constitution that represents all egyptian people, not one that represent a certain faction of egyptians. >> ( translated ): the constitutional panel tasked to >>
throughout the week about what the new president, mohammed morsi has done, a member of the islamic brotherhood, is egypt the next iran that the united states now has to fear? melissa: well it could be. morsi frankly is consolidating power and he is squeezing out the minority, and the minorities are the christians, the liberals and secularists many of whom are in the square right now. the constituent assembly writing this constitution you referred to earlier, the liberals and the secularists and christians have long left to participate in that because they were being frozen out of the process. so it's, it is questionable the value of this document and whether it will accommodate some of the rights and social and political justices that the people in that square are wanting. bill: many people consider morsi to be moving along that line. i mean do you see it yourself? or do you see him holding back from that? melissa: well i think he is probably going to pull back a little bit. i would like to belief the administration and state department is working certainly, you know, off the media
's president mohammed morsi tomorrow. later this week he will travel to israel to meet with prime minister netanyahu and also to the west bank to meet the palestinian president mahmoud abbas. the trouble with these negotiations as so often in these cases is who stops firing first. in the word of u.s. officials that is clearly up to hamas to do. listen. >> we have been very clear that israel has a right of self-defense. we have been very clear that rockets continue to be fired and land on israel. we have been very clear that we are working to try to get this conflict deescalated. we have been very clear about our concern for civilians and innocence on both sides. >> important to note that while diplomacy has not yet succeeded, neither, shep, has it failed. shep? >> shepard: jonathan hunt at the united nations for us. well, it was a huge day on wall street. as stocks soared to the best trading session since the presidential election since nearly two weeks ago. if you have been afraid to peek at your 401(k) it might not be a bad idea now. the dow up 207 points. nasdaq up 63. s&p up to 27. app
, the political crisis took a new turn, as two top appellate courts went on strike against president mohammed morsi. they said they won't return to work until morsi rescinds decrees giving himself near absolute power. at the same time, the supreme constitutional court rejected morsi's claims that it's undermining his government. >> ( translated ): the egyptian supreme constitutional court will not be terrorized from any threat or blackmail and it will not be subjected to any pressure from anyone, no matter how forcible the pressure. and the supreme constitutional court is ready to face this, whatever the consequences, which could be a high price, even if the price is the life of its judges. >> sreenivasan: the courts' actions came a day after nationwide protests against morsi's decrees. and late today, there was word the egyptian leader will address the country tomorrow about his actions and the response. rebels in eastern congo have begun pulling out of territory they seized from government troops just last week. neighboring countries had issued an ultimatum for the m-23 fighters to withdraw
the new president. tear gas was fired to disperse demonstrators. many say mohamed morsi betrayed the democratic intention of arab spring when he granted himself sweeping new powers last week. we'll keep an eye on cairo and bring you new developments as they happen. >>> as early as today, we could hear from the u.s. soldier accused of leaking thousands of military and diplomatic secrets to wikileaks. bradley manning says military jailers mistreat ed him for nearly a year. if his attorneys can prove that, his case could be dismissed. if not, manning could face life in prison if convicted. >>> also this morning, forensic experts have what they need to determine if former palestinian leader yasser arafat may have been poisoned eight years ago. just hours ago, they exhumed his body, took samples from the remains and then reburied him. fred pleitgen has been following the developments from the west bank. morning, fred. >> reporter: good morning, carol. the process only lasted a few hours. early in the morning hours, the grave, the tomb of yasser arafat was opened, all of this closed of
unrest in egypt. new video protests against mohammed morsi's sweeping new powers. this left children hurt. >>> showdown between shoppers inside a northbound california mall. the video of the black friday brawl that has gone viral. >> the golden gate bridge, 746-foot tall. you wouldn't know it today as it is wrapped up in the morning fog. you are watching "mornings on 2". your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant . >>> good morning to you. fog out will. take it easy if you have an early morning drive. >>> this is new video out of egypt which shows growing enchantment with the new islamic leader. they fired tear gas for those who gathered in the center of cairo. some of the injured are children. demonstrators aves inning president morsi rescind his powers. there is going to and massive sit-in. supporters of the egyptian judiciary chanted outside. some judges and prose
. norah and charlie? morsiter evans, thank you. mohamed morsi will speak to the people of egypt today, grantedng why he granted elf almost ast absolute power as the egyptian assembly works on new constitution. holly williams is in cairo this morning where demonstrators have blocked access to the united block embase. >> reporter: this is now a battle of wills between mohamed orsi, egypt's first democratically elected president and his opponents. tahrir square in central cairo, pres rotesters have accused the president of behaving like a areator are camped out. onstrationlanning a demonstration there on saturday. there are fears that could spark spark mlent clashes after an lready tumultuous week. address tmorsi will address the later later on today. so far he is showing no signs of backing do backing down from the expanded new powers he gave himself last week. week. he says he needs those powers to guide guide egypt to a new constitution. the constitution is being drafted by an assembly dominated by president morsi's islamist allies. two more liberal members quit because they said thei
a recent decree by president mohamed morsi granting himself near absolute power in that country. managing director joins me now. obviously the impact now of the market here in the oil market in particular is what is each of the false into civil war. what happens to oil them. >> you have to look at the suez canal, therefore the price of oil. they do have a history of the army stepping in to maintain this. order in a situation like "the trade" time, what we have now is a different type of egypt. we had a guest on yesterday telling us the muslim brotherhood and hamas are the same thing. a terrorist organization in the minds of u.s. officials. >> there's a segment of it that is in another segment that is more modern wanting to rule with sharia law. it does not hit the city of military activities hit the muslim brotherhood and of itself is fighting amongst itself in addition the secularist. this is an evolving situation that will take several years to work out. they want to become a revolutionary anti-american, so the threat is there another more to keep prices up. you can't jump to the conclu
on a new constitution today despite the power grab by president mohamed morsi. parliament members voted earlier to keep sharia law as the main sport of legislation there. how about the lucky folks who struck it really big? only two tickets matched the powerball tickets last night. the prize is $579.9 million with $379.8 million cash option which to me is like 380 million anyway. melissa: i had one number. lori: i am rich in great colleagues. employees of knight capital say an eerie silence have descended over the company with competing bid for the trading outfit. charlie gasparino with latest on the future of knight capital. >> if i won, guess it would not be making this call to break the news. no, i did not win. i do not gamble. here's the thing, what is kind of interesting is we have not yet gotten sort of a pressure release by virtue of what is offered. i have a lot of calls, it is owned by viola, former nymex ceo. that is kind of weird. another preservation's last night, another discussed terms, but you generally get a press release or official bid. we don't have that yet, so we are
netanyahu and the newly elected president of egypt, which also makes this an interesting equation, mohamed morsi. let's call their relationships complicated. how does that affect the dialogue and possible negotiations moving forward? >> well, president obama and the entire american government have been unequivocal in terms of israel's right of self-defense. but what is also apparent is that our relationship, the american relationship with turkey, with prime minister is of great importance. also one of the things that can be extracted from this circumstance, while president morsi, the new egyptian president, is not like president mubarak, he still plays an extremely important role because of his ability, unique ability, to influence hamas hopefully in a more positive direction to create the dynamic for a sustained cease-fire. what's also important is that even though israel has engaged militarily in gaza, the egyptians under president morsi have not, at least to date, suggested that they would compromise their peace treaty with israel. which is a very important occurrence. now, if israel go
are under way, ahead of a mass rally against the decree by president mohammed morsi, granting him set broad powers. marchers are planning from across the capital into an tahrir the epicenter of protests that toppled hosni mubarak last year where the numbers are expected to swell after the end of the work day. the >> investigators have exhumed former palestinian leader yasser araft's body to find out if he was poisoned by the radioactive element polonia. arafat died nearly a decade ago after a sudden and severe illness. the new investigation started earlier this year after authorities said high levels of radioactive substance were found on his belongings. >> a new study is out that america is give the white house low marks when it comes to how they a handle terrorist attacks. 54% stated that day are satisfdissatisfied with the ministrations response to the madonnas the attack with only four in one to and say that they're satisfied with what the white house handled the matter. 48% said that the u.s. could have prevented the attack on its consulate in benghazi, with 42 percent disagreed. >> we
ringing with calls for the downfall of a dictator. this time it's for this man, president mohamed morsi, whom america relies on to be a regional peace broker. last week he granted himself unchecked power, leading to today's bloody clashes. the crowd is chanting the same chants we heard two years ago during the revolution, except that they have substituted mubarak for morsi. egyptians toppled president hosni mubarak, a dictator who ruled for three decades. they then held a historic election, voted in the new president, and now -- >> he's like a pharoah. >> reporter: morsi's office says the move is just temporary, to sideline remnants of the mubarak era and put egypt on the right track. the wise voices say it is far from clear who will win the showdown. but there are certainly more bloody days ahead on egypt's bumpy road to democracy. >> we said it often here, watching the arab spring take shape over the last, you know, year and a half year or so. the overthrow is the hard part -- the easy part. the hard part is building a real democracy, a last democracy to take its place. "l.a. times" a
their doors today. >> reza sayah in cairo today. before i let you go, a lot of talk about mohamed morsi pushing toward a constitution. what's the latest there? >> reporter: yeah. so important developments today. as we speak egypt's constitutional assembly voting on the all-important draft of the new constitution. again, this will be the cornerstone of egypt's democratic transition. it's been one of the reasons why president morsi, muslim brotherhood, have been locking horns with opposition factions. this panel is dominated by islamists, the opposition factions say they're trying to squeeze them out. if this vote takes place in about 15 days there's going to be a nationwide referendum. people will be voting for this constitution. and if they approve it, all those controversial decrees that gave president morsi those sweeping powers will be immediately anulled, president morsi and the muslim brotherhood hoping it will calm down the factions. we'll see if that happens in the coming days. >> a lot going on. reza sayah in cairo. thanks very much. >>> ins with washington, the w house is tryi
mohammed morsi to give back some of the sweeping powers that he seized earlier in the week. want to go live to cairo. reza sayah is overlooking tahrir square. is it calm where you are, and are people assuming that things are going to get better? there are a lot of critics who vague the broum brotherhood is really now trying to hijack the process, hijack the constitution and get the president to remain in power, as much power as he can hold on to. >> yeah. many of those critics, suzanne, are behind us. still demonstrating here in tahrir square. in the meantime, major developments unfolding. as we speak right now, egypt's constitutional assembly is voting to approve a draft of egypt's all-important new constitution. this is going to be the backbone, the centerpiece of egypt's democratic transition. all of egypt's laws are going to be based on this document. everything from the balance of power between the president and the parliament, the power of the army, the independence of the judiciary, the personal freedoms. once this draft is approved and all indications are it is going to be approved.
in egypt today after the new controversial constitution criticizes the power grab by president mohammed morsi is approved. he's expected to sign the document saturday but not the end of the conflict. the egyptian constitution needs to be approved by citizens many of whom are still angry at the moressy government. >>> nasa said it has found large deposits of ice on mercury. some areas of mercury can reach 800 degrees fahrenheit, some areas are completely shielded from the sun allowing the ice to form. nasa plans to send its messenger spacecraft to that area for a closer look in the coming months. >>> groundbreaking therapy is under way to help patients who suffer from posttramatic stress disorder. what's revolutionary about the work is the use of an illegal drug commonly referred to as ecstasy, our chief medical correspondent dr. sanjay gupta has had exclusive access to the patients and their sessions. here's his report -- >> some part of you is on guard. it just wouldn't stop. i couldn't shut it down. >> reporter: for rachel hope, the mental agony began in childhood when she says she wa
early this morning. the documents will be presented tomorrow to president mohammed morsi for his signature. reza sayah is overlooking tahrir square. we understand they are planning what they are calling a million man demonstration that has been called. give us a sense why are people still protest and what do we expect in the next 24 hours, the days to come? >> reporter: well, they're protesting because they're angry with president morsi, his dekoreas and how the drafting of this constitution has unfolded, and there doesn't soop seem to be an end to the protest. they're back here in big numbers. tens of thousands of them here in tahrir square. we're going to show you what it looks like at this hour. i think one of the outcomes of the 2011 egyptian revolution was that egyptians became very good in protesting, so it doesn't matter what people are fighting for here. it seems they like to come out and free-throws the opposition factions that are back here in tahrir. these are the liberals, the seculars. we were just down there. we saw a lot of women, women's rights activists who don't
this morning. the document will be presented to president mohamed morsi tomorrow for his signature. egyptians will vote on the draft in two weeks. >>> wow. in syria, as the internet goes dark, a is the u.s. closer to arming the rebels and is time out for bashar al assad? jim clancy is next. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time
of whom are angry at the government at what they consider to be a power grabby president mohamed morsi. and in new jersey a train car carrying highly toxic chemicals crashed into a creek near the delaware river early this morning. it happened after a bridge collapsed. the area was evacuated. and more than 18 people were treated for respiratory issues and exposure to leaking vinyl chloride. it's a known cancer-causing chemical that can cause headaches and dizziness. >>> and as we head into the holiday shopping season, the top two companies that offer daily deals, well, they've apparently hit a rough economic patch. living social announced it is laying off 10% of its global workforce. the daily deal leader, groupon, saw its shares plunge this month after terrible earnings report. one expert says this field apparently has a few growing pains, joe. >> i would imagine so. but so many people i know have actually gone and gotten the groupon or whatever and actually went and bought the stuff. >> i think what a lot of companies are doing is they are just promoting their own ads so they don't ha
rushing a vote on a final draft of a constitution as protests continue against the president, mohammed morsy. he has faced bitter criticism. >>> the state of texas has filed papers to seize a large ranch owned by the flds, a fundamentalist radical mormon sex that believes in polygamy. its leader, warren jeffs, is serving a life sentence. >>> you never know what you might see on the streets of new york city this is a first. casper the pony and razzie the zebra roaming free on staten island. they got free from the home where they lived. they were returned home safe and sound. >> can you imagine mommy, mommy, look. >> they are getting along just fine. >> moment of kindness captured with a camera. coming up, a young police officer's deed goes viral for all the right reasons.od ays. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ part of a whole new l
as mohamed morsi addresses the nation today calling for unity. nationwide protests have turned violent and even deadly as demonstrators blast morsi's decree last week that gave him virtually absolute power. >>> the united nations is set to recognize palestine as a state today with overwhelming support from the general assembly. the palestinians will ask for recognition as a non-member state. a similar designation is held by the vatican. but israel and the u.s. are opposed to the bid, saying it violates peace accords. >>> yet another arrest this morning for lindsay lohan. the troubled starlet was charged with assault around 4:00 a.m. in manhattan. she allegedly punched another woman in the face at a new york city nightclub. the other woman was not arrested and was not taken to the hospital. >>> and now let's head to wall street. cnbc's mary thompson is at the new york stock exchange. good morning to you, mary. >>> good morning, there's growing optimism that a budget deal will be reached to keep the u.s. from falling off the fiscal cliff. today, investors get another read on the holiday
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